Community Bank & Trust Waco Texas Has $53.76 Million Position in Apple Inc. (NASDAQ:AAPL)

Community Bank & Trust Waco Texas lessened its stake in Apple Inc. (NASDAQ:AAPL) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,693 shares of the iPhone maker’s stock after selling 1,718 shares during the period. Apple accounts for 12.2% of Community Bank & Trust Waco Texas’ portfolio, making the stock its biggest holding. Community Bank & Trust Waco Texas’ holdings in Apple were worth $53,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. AMF Tjanstepension AB boosted its holdings in Apple by 21.1% in the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after purchasing an additional 588,427 shares in the last quarter. Latitude Advisors LLC raised its stake in Apple by 0.3% during the 3rd quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock valued at $4,016,000 after purchasing an additional 50 shares during the last quarter. Penn Davis Mcfarland Inc. raised its stake in Apple by 12.4% during the 3rd quarter. Penn Davis Mcfarland Inc. now owns 185,781 shares of the iPhone maker’s stock valued at $43,287,000 after purchasing an additional 20,461 shares during the last quarter. Echo Wealth Management LLC boosted its holdings in Apple by 10.2% in the 3rd quarter. Echo Wealth Management LLC now owns 32,153 shares of the iPhone maker’s stock valued at $7,380,000 after purchasing an additional 2,968 shares during the period. Finally, Koss Olinger Consulting LLC grew its position in Apple by 1.5% during the third quarter. Koss Olinger Consulting LLC now owns 18,011 shares of the iPhone maker’s stock worth $4,197,000 after buying an additional 262 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the transaction, the senior vice president now owns 179,158 shares in the company, valued at $40,072,269.86. The trade was a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock valued at $40,818,720 in the last quarter. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Wedbush dropped their target price on Apple from $325.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Morgan Stanley reduced their price objective on shares of Apple from $252.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Rosenblatt Securities reiterated a “buy” rating and set a $263.00 price objective on shares of Apple in a report on Thursday, April 3rd. Finally, Raymond James upped their price objective on Apple to $250.00 and gave the stock a “buy” rating in a research report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.85.

Apple Stock Up 2.2 %

AAPL opened at $202.52 on Tuesday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a market cap of $3.04 trillion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a 50 day moving average of $222.27 and a 200 day moving average of $230.99.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. Apple’s dividend payout ratio is presently 15.87%.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.